Bank of America ST : as long as 54.58 is support look for 59.41

Our pivot point is at 54.58.

Our preference: as long as 54.58 is support look for 59.41

Alternative scenario: below 54.58, expect 53.03 and 52.11.

Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 55.58 and 54.04).

Supports and resistances:

61.27 **

60.34 *

59.41 **

58.48

55.85 USD - last

55.18

54.58 **